WoodTrust Financial Corp Purchases New Position in Sweetgreen, Inc. $SG

Key Points

• WoodTrust Financial Corp has acquired a new position in Sweetgreen, Inc., purchasing 72,300 shares valued at approximately $1,075,000.
• Sweetgreen's stock is currently down 1.9%, trading at $7.78, and the company reported a quarterly loss of ($0.20) EPS, missing analysts' estimates.
• Institutional investors own 95.75% of Sweetgreen's stock, reflecting a significant interest from hedge funds amidst fluctuating price targets from various analysts.

WoodTrust Financial Corp purchased a new stake in Sweetgreen, Inc. (NYSE:SG - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 72,300 shares of the company's stock, valued at approximately $1,075,000. WoodTrust Financial Corp owned 0.06% of Sweetgreen at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SG. Wealth Enhancement Advisory Services LLC raised its holdings in Sweetgreen by 4.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,191 shares of the company's stock worth $936,000 after buying an additional 1,278 shares during the period. GAMMA Investing LLC raised its holdings in Sweetgreen by 3,776.6% during the 1st quarter. GAMMA Investing LLC now owns 10,583 shares of the company's stock worth $265,000 after buying an additional 10,310 shares during the period. Rhumbline Advisers raised its holdings in Sweetgreen by 4.9% during the 1st quarter. Rhumbline Advisers now owns 144,722 shares of the company's stock worth $3,621,000 after buying an additional 6,720 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Sweetgreen by 1.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 173,156 shares of the company's stock worth $4,332,000 after buying an additional 2,984 shares during the period. Finally, PSI Advisors LLC raised its holdings in Sweetgreen by 45.8% during the 1st quarter. PSI Advisors LLC now owns 16,053 shares of the company's stock worth $402,000 after buying an additional 5,045 shares during the period. 95.75% of the stock is currently owned by institutional investors and hedge funds.

Sweetgreen Stock Down 1.9%

NYSE SG opened at $7.78 on Wednesday. Sweetgreen, Inc. has a 12-month low of $7.68 and a 12-month high of $45.12. The company has a market capitalization of $919.20 million, a PE ratio of -9.26 and a beta of 1.97. The firm's 50 day moving average is $9.30 and its 200-day moving average is $14.05.

Sweetgreen (NYSE:SG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.08). Sweetgreen had a negative net margin of 14.29% and a negative return on equity of 22.21%. The business had revenue of $185.58 million during the quarter, compared to analyst estimates of $193.47 million. During the same quarter last year, the business earned ($0.13) earnings per share. Sweetgreen's revenue for the quarter was up .5% on a year-over-year basis. Sweetgreen has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Sweetgreen, Inc. will post -0.74 EPS for the current year.

Insider Transactions at Sweetgreen

In other Sweetgreen news, CFO Mitch Reback sold 11,530 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $9.19, for a total transaction of $105,960.70. Following the sale, the chief financial officer directly owned 322,891 shares of the company's stock, valued at approximately $2,967,368.29. This represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 19.78% of the company's stock.

Analysts Set New Price Targets

SG has been the topic of several research analyst reports. Royal Bank Of Canada dropped their target price on shares of Sweetgreen from $25.00 to $13.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Bank of America restated a "neutral" rating and set a $9.50 target price (down from $18.00) on shares of Sweetgreen in a report on Monday. TD Cowen lowered their price objective on shares of Sweetgreen from $15.00 to $10.00 and set a "hold" rating on the stock in a report on Friday, August 8th. Barclays lowered their price objective on shares of Sweetgreen from $17.00 to $10.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Finally, TD Securities reiterated a "hold" rating and issued a $15.00 price objective (down from $25.00) on shares of Sweetgreen in a report on Tuesday, July 1st. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $16.73.

Sweetgreen Company Profile

Sweetgreen, Inc, together with its subsidiaries, operates fast food restaurants serving healthy foods at scale in the United States. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that do not have an expiration date and can be redeemed. The company was founded in 2006 and is headquartered in Los Angeles, California.

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